EURUSD Daily Analysis – October 24, 2017

by ForexCycle.com | October 23, 2017 11:37 pm
EURUSD extended its downside movement from 1.1879 to as low as 1.1725, breaking below 1.1730 support. Deeper decline to test 1.1662 (Aug 17 low) support is still possible, and a breakdown below this level could trigger further...

USDCAD Daily Analysis – October 23, 2017

by ForexCycle.com | October 23, 2017 3:21 am
After a sideways consolidation, USDCAD broke out of 1.2598 resistance and continued its upside movement from 1.2061, and the rise extended to as high as 1.2640. The key support remains at 1.2433, as long as this level...

USDJPY Daily Analysis – October 23, 2017

by ForexCycle.com | October 23, 2017 3:20 am
USDJPY broke above 113.43 resistance and reached as high as 114.09. Further rise could be expected and next target would be at 114.50 area. Near term support is at 113.20, followed by the rising trend line on...

AUDUSD Daily Analysis – October 23, 2017

by ForexCycle.com | October 23, 2017 3:20 am
AUDUSD broke below the rising trend line on the 4-hour chart, indicating that the short term uptrend from 0.7732 had completed at 0.7897 already. Further decline could be expected in the coming days and next target would...

GBPUSD Daily Analysis – October 23, 2017

by ForexCycle.com | October 23, 2017 3:19 am
GBPUSD extended its downside movement from 1.3337 to as low as 1.3087, breaking below a support level at 1.3121. Further decline towards the major support trend line on the daily chart is possible in the coming days....

EURUSD Daily Analysis – October 23, 2017

by ForexCycle.com | October 23, 2017 3:18 am
EURUSD moved sideways in a trading range between 1.1730 and 1.1879. As long as 1.1730 support holds, the side movement could be treated as consolidation of the uptrend from 1.1669 and one more rise towards 1.2029 resistance...

USDCAD Daily Analysis – October 20, 2017

by ForexCycle.com | October 20, 2017 1:02 am
USDCAD is facing the key support at 1.2433. A breakdown below this level will indicate that the upside movement from 1.2061 had completed at 1.2598 already, then the following downside movement could bring price back to next...

USDJPY Daily Analysis – October 20, 2017

by ForexCycle.com | October 20, 2017 1:01 am
USDJPY failed in its attempt to breakout of 113.43 resistance and stays in a trading range between 111.47 and 113.43. Lengthier sideways movement would likely be seen in the coming days. As long as 111.47 key support...

AUDUSD Daily Analysis – October 20, 2017

by ForexCycle.com | October 20, 2017 1:01 am
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.7732. As long as the price is above the trend line, the upside movement could be expected to continue and...

GBPUSD Daily Analysis – October 20, 2017

by ForexCycle.com | October 20, 2017 1:00 am
GBPUSD failed to breakout of the support-turned-resistance trend line on the 4-hour chart and extended its downside movement from 1.3337 to as low as 1.3131. Further decline could be expected after a minor consolidation and a breakdown...